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Houenoussou 1 Group
In this Group: Elizabeth, Elizabeth, Rosette, Valerie, Yissegnon, Justine, Pascaline, Amina, Philomene, Lydie, Eecile, Elisabeth, Salamatou, Elisabeth, Martine, Joceline
The 16 entrepreneurs in this group live in the Sémé-Podji district of Cotonou, Benin's economic centre. They run similar businesses, and also arrange social events together. This is their first loan with ALIDE.

Elisabeth (with her hand raised in the photo) was born in 1973 in Porto-Novo, the administrative capital. She moved to her current location 12 years ago, and now lives with her husband Thomas and the two of their six children who are still at home. All of their children have been to school. Since moving to Cotonou Elisabeth has run a stall selling food at a local park. This loan will enable her to purchase wheat, condiments, and rice to prepare her food for sale. Her aim in the long term is to build her business.

Additional Information

About Alidé

Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.

Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Benin

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 465.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Houenoussou 1 Group's $4,625 loan helped a member to purchase ingredients for food preparation.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 16, 2011
Mar 26, 2011
Currency Exchange Loss:
Nov 15, 2011